Blockchain and Gambling - page 3. | Bitcointalksearch.org

Fivestar4everMVP

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Quote from: goinmerry on September 29, 2021, 07:41:39 PM

Quote from: Fivestar4everMVP on September 29, 2021, 06:49:39 PM

Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.

You sure misunderstood what I meant by crypto making it easier to track transactions, what I meant was that in times where a payment issue arises between an operator and a client, one party can easily provide his or her transaction ID for verification of payment, this way, resolving issues are way much easier and straight forward since the blockchain does not lie, one party can easily confirm if for sure payment was made to his or her address or not.

passwordnow

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Quote from: tippytoes on September 29, 2021, 07:17:37 PM

Quote from: passwordnow on September 29, 2021, 07:14:42 PM

Quote from: Hippocrypto on September 29, 2021, 04:26:38 PM

Basically, this article used to be a better guide for gamblers who would like to seek proper understanding on cryptocurrency particular with the network that help their gambling transactions runs genuinely.
This served as tracker of their specific history that provides transparency towards every person who sends their funds at different online gambling sites. Without this, I don't think online betting would run successfully.

For the casinos that are not run by blockchain and cryptos, they still can do it. I'm for blockchain and crypto but even before it started, there goes the typical betting sites that have already existed. I'm not too mature enough to know all of those that have been existing over time and managed to survive and compete with the crypto casinos these days. They also have their own trackers for each customer that they have but with blockchain it made it transparent and easier to look at it publicly.

Fiat-based casinos have been existing for decades and decades already. So more than likely, their system is already established when it comes to tracking their customers. However, we can't deny the fact that blockchain technology in crypto gambling will make their data much transparent and maybe less work for their data analyses. Blockchain tech is really revolutionizing not only the gambling industry but all the other industries.

Yes, there's more advantage using the technology that blockchain has brought and it made a lot of things easy not only for the casinos but also for the customers because there is transparency. But for the fiat casinos that still don't adopt cryptocurrencies, they're still good with their process even it takes for them to start realizing that crypto and blockchain will do significant huge change on their operations in a positive way.

Wexnident

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Quote from: imstillthebest on September 30, 2021, 03:36:10 AM

they can hide their addiction to the people around them but not when they already start gamble online because all of thier sessions are clearly and accurately recorded thanks to the help of blockchain .
someone can create a platform where we can get data's from gamblers and concerned people can use this site .
gamblers themselves can also see their data and this will make them responsible next time .

But the purpose of a blockchain implementation in gambling in the first place was to provide anonymity though? (Pseudo, at least). That goes against the very idea of what a blockchain gambling is, might as well just make all casinos have KYC, centralized, and there's a site that showcases the database of the name of players and the amount of money they've spent per session (or day). Additionally, this in no way actually makes people responsible, they gambled in the first place since they don't give a damn about what would others think after all.

Smartprofit

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Quote from: goinmerry on September 29, 2021, 07:41:39 PM

Quote from: Fivestar4everMVP on September 29, 2021, 06:49:39 PM

Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.

Blockchain technology has certain disadvantages. First of all, it is speed. Centralized solutions provide faster response times.

Riccardo Spagni is a recognized expert in the field of anonymity and privacy. Riccardo Spagni wrote that people should understand that all information in the blockchain is fixed forever. It is no longer possible to remove this information from the blockchain.

How good is it for gambling?

Everyone must answer this question for himself. In addition, blockchain technology itself, even such anonymous and confidential blockchain as Monero, does not guarantee anonymity.

All other security measures for working on the Internet must be observed.

imstillthebest

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Quote from: Oshosondy on September 30, 2021, 03:03:39 AM

Quote from: davis196 on September 30, 2021, 02:48:38 AM

What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible.

even the gambling addicts are not transparent in anything but addicted, even most hide the addiction from people that are close to them.

they can hide their addiction to the people around them but not when they already start gamble online because all of thier sessions are clearly and accurately recorded thanks to the help of blockchain .
someone can create a platform where we can get data's from gamblers and concerned people can use this site .
gamblers themselves can also see their data and this will make them responsible next time .

Oshosondy

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...gambling responsibly. Do not be addicted.

Quote from: davis196 on September 30, 2021, 02:48:38 AM

What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible.

The issue of gamblers to bet responsibly can be done using different approaches which many are already existing, blockchain may not offer much help in this case, blockchain is transparent, what goes on it are transparent, and that can be the usefulness of blockchain. If transparency can help in curtailing gambling addiction, then blockchain will have more to offer, but even the gambling addicts are not transparent in anything but addicted, even most hide the addiction from people that are close to them.

davis196

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The title says that blockchain can help for more responsible gambling,but the article is about solving conflicts between the gamblers and the casinos.
In my opinion,responsible gambling means trying to fight gambling addiction among the gamblers.
This has nothing to do with the conflicts that occur between gamblers and casinos.
I know that the blockchain technology can make online gambling more transparent and reduce the scams.
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible. Sad

traderethereum

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Quote from: goinmerry on September 29, 2021, 07:41:39 PM

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

It is right what you say because we are always aware that when we are on the internet, we need to protect ourselves from other bad things and by being anonymous, we can hide from those who want to do something bad to us.
Even if the regulator can use blockchain to track the transaction, the regulator will be hard to identify that we are using the coins for playing gambling because we can use various coins just to playing gambling.
And with so many crypto gambling sites that we already knew, it will be a place for us to play gambling as an anonymous user and the casino itself does not ask us to verify our account.

madnessteat

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Quote from: goinmerry on September 29, 2021, 07:41:39 PM

Quote from: Fivestar4everMVP on September 29, 2021, 06:49:39 PM

Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.

You can always gamble on sites which are not in the jurisdiction of countries with mandatory KYC and are not subject to their laws. Besides I think if regulators will pressurize gambling business using cryptocurrencies it will lead to decentralized casinos like it happened with trading platforms.

adzino

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Quote from: Beparanf on September 20, 2021, 02:01:27 PM

AFAIK, Most of the online gambling operator are using blockchain for all the transactions entering on there casino since payment method is in crypto and its all recorded if the dispute is about whether the user indeed deposit/withdraw the exact amount.

You mean "all crypto" casino are operating using blockchain for transactions? I don't think fiat online casinos use any kind of blockchain technology. It's not going to be a big issue for fiat casinos to know if the user indeed deposited/withdrew the exact amount. Just few calculations, bookkeeping and accounting is enough for them.

Quote from: Beparanf on September 20, 2021, 02:01:27 PM

There's a lot of online casino that completely coded on blockchain. The only problem was the slow transaction speed whenever lots of player is playing at the same time. Blockchain is indeed the solution to gambling industry to solve trust issue, the only problem was the blockchain that will give the right TPS to run this tons of transaction for a short period of time.

I have only heard of few casinos. Most of them have centralized tokens system (even though they say they are decentralized, but they control most) that users can use to gamble. They aren't very much popular.

goinmerry

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Quote from: Fivestar4everMVP on September 29, 2021, 06:49:39 PM

Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.

tippytoes

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Quote from: passwordnow on September 29, 2021, 07:14:42 PM

Quote from: Hippocrypto on September 29, 2021, 04:26:38 PM

Basically, this article used to be a better guide for gamblers who would like to seek proper understanding on cryptocurrency particular with the network that help their gambling transactions runs genuinely.
This served as tracker of their specific history that provides transparency towards every person who sends their funds at different online gambling sites. Without this, I don't think online betting would run successfully.

For the casinos that are not run by blockchain and cryptos, they still can do it. I'm for blockchain and crypto but even before it started, there goes the typical betting sites that have already existed. I'm not too mature enough to know all of those that have been existing over time and managed to survive and compete with the crypto casinos these days. They also have their own trackers for each customer that they have but with blockchain it made it transparent and easier to look at it publicly.

Fiat-based casinos have been existing for decades and decades already. So more than likely, their system is already established when it comes to tracking their customers. However, we can't deny the fact that blockchain technology in crypto gambling will make their data much transparent and maybe less work for their data analyses. Blockchain tech is really revolutionizing not only the gambling industry but all the other industries.

passwordnow

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Quote from: Hippocrypto on September 29, 2021, 04:26:38 PM

Basically, this article used to be a better guide for gamblers who would like to seek proper understanding on cryptocurrency particular with the network that help their gambling transactions runs genuinely.
This served as tracker of their specific history that provides transparency towards every person who sends their funds at different online gambling sites. Without this, I don't think online betting would run successfully.

For the casinos that are not run by blockchain and cryptos, they still can do it. I'm for blockchain and crypto but even before it started, there goes the typical betting sites that have already existed. I'm not too mature enough to know all of those that have been existing over time and managed to survive and compete with the crypto casinos these days. They also have their own trackers for each customer that they have but with blockchain it made it transparent and easier to look at it publicly.

Fivestar4everMVP

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Leading Crypto Sports Betting & Casino Platform

Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

Hippocrypto

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Basically, this article used to be a better guide for gamblers who would like to seek proper understanding on cryptocurrency particular with the network that help their gambling transactions runs genuinely.
This served as tracker of their specific history that provides transparency towards every person who sends their funds at different online gambling sites. Without this, I don't think online betting would run successfully.

timerland

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Quote from: Fundamentals Of on September 21, 2021, 10:28:40 PM

Blockchain is definitely a great improvement in the gambling industry. With blockchain, not only are data publicly available for anybody who wishes to check, these data are also resistant to tampering. So blockchain gambling gives some assurance to the players that everything is fair and transparent.

Conflict settlement will be much easier when blockchain is utilized in gambling platforms. The future for blockchain gaming is much brighter.

I don't think that conflict settlement is necessarily what OP is talking about.

He's moreso talking about settling bets, in terms of payments etc.

Smart contracts definitely help in this case but I think that we are still a long way off from people actually embracing decentralized casinos fully.

Oilacris

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Quote from: alegotardo on September 29, 2021, 03:05:47 PM

Quote from: AmoreJaz on September 26, 2021, 03:20:01 PM

this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.

Exactly!
This forum is an excellent place to check the reputation of any site that has anything to do with cryptocurrencies.
And the community here is so honest on this point that even members of subscription campaigns that carry advertisements for rogue sites end up being penalized with a "Flag".
In the gambling sector, this system is even more reliable, if a site is dishonest surely it must already have some history of complaints around here.

This place on where should people do really make out some search because you could really see the community here do really help out or could really make out complaints and feedbacks on any sites that do exist in the
market whether its new or old.

Feedbacks are important because this would be your main basis whether you do tend to play on a site or not basing off with its reputation and you could confirm it up here on this place on point.

Also you could find lots which are known and reputable if you do make out some search but if you do just ignore then it would be your own mistake.

alegotardo

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☢️ alegotardo™️

Quote from: AmoreJaz on September 26, 2021, 03:20:01 PM

this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.

Exactly!
This forum is an excellent place to check the reputation of any site that has anything to do with cryptocurrencies.
And the community here is so honest on this point that even members of subscription campaigns that carry advertisements for rogue sites end up being penalized with a "Flag".
In the gambling sector, this system is even more reliable, if a site is dishonest surely it must already have some history of complaints around here.

Lucasgabd

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There's no need to be upset

Quote from: madnessteat on September 23, 2021, 01:09:23 PM

<...>

The L2 solutions designed to scale the ETH network are quite suitable for gambling activities if a person often gambles and has enough available funds to send from the mainnet ETH to Optimism or Arbitrum and keep them there.

I recently sent ETH to L2 solution Optimism - input commission was about $88 and output to the mainnet ETH was $92 with a recommended gas price of 55-70 gwei.

Commissions when sending ETH to L2 solution Arbitrum with the same gas price are 3-4 times less.

In my opinion it is much more convenient to use Solana network which has fast and inexpensive transactions.

Solana has many problems too, have you heard about the fail?
I like Sam but don't think it'll be the ethereum killer...
too centralized

eth has the first mover advantage and the fact the people pay the taxes even at this point is in reality bullish for the network

coin-investor

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Quote from: Ryker1 on September 26, 2021, 05:59:43 PM

Quote from: AmoreJaz on September 26, 2021, 03:20:01 PM

this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.

Well the reason I always chose a casino that has a business here is that I know they are hard not to find if there is a technical problem --you can easily reach the team for customer support. The review site has its own review of a certain casino on its own, that is why I don't trust watching a review on a review site it should be under by the community review not rely on a single person. For me, those who are in this forum that continuously offering their service and have of course a good reputation will always be good to trust and leave your fund.

That is true casinos can get paid reviews but they cannot bribe the whole members of the forum to give them good feedback, because members of this forum are players to who also keep on watch good and bad casinos in the industry, they are also giving honest reviews they don't care if the casino they are playing will suffer, because they prefer to protect the interest of their co-players and themselves as well.

Topic: Blockchain and Gambling - page 3. (Read 893 times)